Analysts expect that CommVault Systems, Inc. (NASDAQ:CVLT) will post $0.31 earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have provided estimates for CommVault Systems’ earnings. The lowest EPS estimate is $0.31 and the highest is $0.32. CommVault Systems posted earnings of $0.28 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 10.7%. The business is expected to report its next earnings report on Wednesday, January 24th.

On average, analysts expect that CommVault Systems will report full-year earnings of $1.10 per share for the current financial year, with EPS estimates ranging from $1.08 to $1.11. For the next financial year, analysts forecast that the business will post earnings of $1.34 per share, with EPS estimates ranging from $1.18 to $1.51. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover CommVault Systems.

CommVault Systems (NASDAQ:CVLT) last posted its earnings results on Tuesday, October 24th. The software maker reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.05). The company had revenue of $168.14 million for the quarter, compared to the consensus estimate of $170.15 million. CommVault Systems had a net margin of 0.28% and a negative return on equity of 0.17%. CommVault Systems’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.25 EPS.

CVLT has been the topic of several research analyst reports. Royal Bank Of Canada restated a “hold” rating and set a $67.00 target price on shares of CommVault Systems in a research note on Monday, September 4th. BidaskClub cut shares of CommVault Systems from a “sell” rating to a “strong sell” rating in a research note on Saturday. Jefferies Group restated a “buy” rating on shares of CommVault Systems in a research note on Thursday, October 26th. Zacks Investment Research cut shares of CommVault Systems from a “hold” rating to a “strong sell” rating in a research note on Friday, October 27th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $74.00 price target on shares of CommVault Systems in a research report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the stock. CommVault Systems currently has a consensus rating of “Hold” and an average price target of $70.00.

CommVault Systems (CVLT) traded down $0.05 on Friday, reaching $53.95. 388,600 shares of the company’s stock traded hands, compared to its average volume of 382,449. CommVault Systems has a 1-year low of $47.61 and a 1-year high of $64.60.

In related news, VP Brian Carolan sold 4,000 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $61.90, for a total value of $247,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gary Merrill sold 7,260 shares of the stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $62.28, for a total transaction of $452,152.80. The disclosure for this sale can be found here. 13.40% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in CVLT. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in CommVault Systems by 11.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,904 shares of the software maker’s stock worth $107,000 after acquiring an additional 203 shares in the last quarter. US Bancorp DE increased its holdings in CommVault Systems by 47.0% in the 2nd quarter. US Bancorp DE now owns 2,102 shares of the software maker’s stock worth $119,000 after acquiring an additional 672 shares in the last quarter. Riverhead Capital Management LLC increased its holdings in CommVault Systems by 70.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,563 shares of the software maker’s stock worth $145,000 after acquiring an additional 1,063 shares in the last quarter. Pacad Investment Ltd. increased its holdings in CommVault Systems by 88.9% in the 2nd quarter. Pacad Investment Ltd. now owns 3,400 shares of the software maker’s stock worth $192,000 after acquiring an additional 1,600 shares in the last quarter. Finally, Magnetar Financial LLC purchased a new stake in CommVault Systems in the 3rd quarter worth approximately $201,000. 88.39% of the stock is owned by institutional investors.

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Earnings History and Estimates for CommVault Systems (NASDAQ:CVLT)

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